Solar Panel Cost Guide in Nephi, UT (2023 Update)
- Nephi Solar Installation Cost: $12,004
- 25-Year Savings: $16,399
- Payback Period: 11.5 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated October 25, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Nephi
Let's take a look at the average cost of solar panels in Nephi.
While the national average of solar panels is $2.66 per watt, solar panels in Nephi typically cost around 2.68.To cover the typical energy needs of the average home in Nephi, most homeowners require a 5.2-kilowatt system. Using the per-watt figure above, a solar installation costs about $9,774, or $13,977 before the federal solar tax credit of 30% is applied.
These figures are only averages, and your own solar costs may vary based on factors unique to your home and what company you go with.For many homeowners, the upfront cost of solar power is worth paying. On average Nephi homeowners see about $19,000 in savings on utility bills over 20 years.
To get a free estimate from a pre-vetted solar installation company in Nephi, you can click the button below.
Solar savings over time in Nephi
| Year | Return on Investment |
|---|---|
| 1 years | $-11,008 |
| 3 years | $-9,015 |
| 5 years | $-7,023 |
| 7 years | $-5,031 |
| 9 years | $-3,039 |
| 11 years | $-1,046 |
| 13 years | $946 |
| 15 years | $2,938 |
| 17 years | $4,930 |
| 19 years | $6,923 |
| 21 years | $8,915 |
| 23 years | $10,907 |
| 25 years | $12,899 |
Top Solar Installers in Nephi
Many homeowners opt for a solar panel company since trying to put up solar panels on your own can be a labor-intensive endeavor. The expertise that solar installers provide can be valuable as well, especially if you don't quite know what kind of solar equipment would be right for your home.
You can work with a local solar installer to get a free estimate on how much your investment in solar could cost for your home. Here are some nearby:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
See all of the solar companies in Nephi
Factors that Affect Solar Panel Costs in Nephi
Cost is usually one of the most important factors for homeowners who want to invest in solar. There are a few key factors that determine your overall cost in Nephi: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power generation need better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,680.There are a lot of different solar panel brands and the one you choose also affects the cost. Generally speaking, the brands that have better efficiency tend to also cost more. Additionally, the type of equipment you're looking to get can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar installers in Nephi offer solar loans, which reduce the initial cost of installing a solar system.When figuring out your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
The last key cost factor you should keep in mind is the installer you choose. Given the massive popularity of clean energy solutions in Nephi, you'll have many options to choose from, but each comes at different price points for labor and equipment.The company's size can sometimes play the most considerable role in the cost. Larger national companies, like SunPro and Sunrun, often have lower pricing due to greater resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger companies.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.42 | $14,371 | $15,762 | 11.9 years |
| 8 kW | $3.36 | $18,792 | $21,385 | 11.7 years |
| 10 kW | $3.29 | $23,030 | $27,192 | 11.5 years |
| 12 kW | $3.22 | $27,083 | $33,183 | 11.2 years |
| 14 kW | $3.16 | $30,952 | $39,358 | 11.0 years |
| 16 kW | $3.09 | $34,637 | $45,717 | 10.8 years |
| 18 kW | $3.03 | $38,138 | $52,261 | 10.5 years |
| 20 kW | $2.96 | $41,454 | $58,989 | 10.3 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Reputation: Your solar installer should have a good reputation as a company and have verifiable expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from past customers.
- Installation Process: When going solar, it's important to maintain an open line of communication with your solar panel company. Confirm that you understand how the installation process works and the project completion timeline.
- Solar Panel Brands: Different companies will offer different brands and models of panels. If you prefer a specific brand, make sure the solar panel installer you're considering has it.
- Contract: Although reading through a contract can be tedious, it's important to do it carefully so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Nephi, UT Solar Cost FAQs
How much does it cost to install solar panels in Nephi?
This is a tough question to answer exactly, because the cost depends on many factors. Generally speaking, it costs about $13,400 for a 5-kW system and $26,800 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have above-average energy consumption. Conversely, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Nephi?
You can't get solar panels for free in Nephi. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd rather own your solar panels, you can finance them with a solar loan.
How much can I save on power bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on where you're located and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $1,004.43 per year.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy consumption and the amount of sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to cover their typical energy usage.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.